Saturday, July 14, 2012

India Income Tax e-Filling : 2012

Current Post is on how a salaried individual residing in India file tax return online (e-return) for 2011-2012 (A.Y. 2012-2013) from Form 16 & Form 12 BA

Prerequisite: Registered User at Income Tax India e-Filing Site.

If not refer to Steps to register at Income Tax India e-Filing Site.

Sections:


1. Downloading the Form (Excel Sheet).
2. Filling the Form (Excel Sheet)
3. Generating the XML
4. Uploading the XML


1. Downloading the Form (Excel Sheet):


- Login into Income Tax India e-Filling Site with your valid credentials. (PAN number and password)

- Assuming you are a salaried individual with / without income from Other Sources (only Interest Income or Family Pension) , ITR-1 (SAHAJ) is the form that needs to be filled. OR If you had Income from house or other sources, respective ITR form needs to be downloaded.

- To download the ITR-1 (SAHAJ), Go to Download Section, 'e-Filling A.Y. 2012-2013 >> Individual,HUF' menu option.


 

2. Filling the Form (Excel Sheet):


- Unzip the 'ITR1_2012_13_R2' zip file and open the '2012_ITR1_PR18.xls' excel sheet.

- Excel sheet will have 4 sheets.
  1. Income Details
  2. TDS
  3. Taxes Paid and Verification
  4. 80G - Not covered in current post
Basic Instructions:
  • Compulsory Fields - Green Background & Red Color Label
  • Optional Fields - Green Background & Black Color Label
  • Auto-calculated Fields - White Background & Blue Color  Label
Follow the steps mentioned in ITR1 (SAHAJ) Form Filling post which will help you fill excel sheet from Form 16 & Form 12 BA


3. Generating the XML:


- Validate each sheet  by clicking the 'Validate' button present on each sheet

- Click on 'Calculate Tax' button

- Click on 'xml Generate' button

- Click 'OK' on following pop-ups.



- New 'Pre-XML Check' sheet would be created.

- Check the following details:
  • TDS on Salary - If no amount then redo the Generate XML Steps
  • All the Verification Columns
- After verifying all the details, click the 'Save XML' button

- Click 'OK' following pop-ups.

- File named 'ITR1_PANCARD.xml' will be saved on mentioned path.



4. Uploading the XML:


- Login into Income Tax India e-Filling Site with your valid credentials. (PAN number and password)

- Under 'Submit Return' section, select 'Select Assessement Year >> AY 12-13'

- Following screen will be displayed. Select 'ITR-1' and click 'Next'



- Click 'Browse' to select the 'ITR1_PANCARD.xml' file we generated from Excel sheet.



- On Clicking 'Upload' Button, following pop-up will come.




- Select 'OK'

- The XML will be uploaded and following screen will appear.


- From 'here' link, download the ITR-V Form.

- As we didn't digitally signed the XML, we need to send ITR-V Form to nearest Income Tax Office. In current case, the City was 'Bangalore', hence the address of Bangalore Income Tax Office came, where I need to send the ITR- V Form.

- Print the ITR-V Form on normal A4 size paper and signed the Form.

- Send it via SPEED POST or ordinary POST within 120 days post you upload the XML.


Done. We e-Filed our income tax return for 2011-2012 (Assessment Year 2012-2013).

Appreciate your feedback & suggestions via comments.

Thanks.

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